Just stuff from some coonass who's got some highfalutin investment title.

Friday, May 4, 2012

It's The Econonmy Stupid: Payrolls, Unemployment & Hours

Okay, there’s a lot of junk in the trunk today.

But here’s the economic news for dummies:

Payrolls in U.S. Rose 115,000 in April; Jobless Rate at 8.1%

Now, feel free to get back to Facebook.

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Change in Nonfarm Payrolls

APR

160K

115K

120K

154K

Change in Private Payrolls

APR

165K

130K

121K

166K

Change IN Manufact. Payrolls

APR

20K

16K

37K

41K

Unemployment Rate

APR

8.2%

8.1%

8.2%

Avg Hourl Earn MoM All Empl

APR

0.2%

0.0%

0.2%

Avg Hourl Earn YoY All Empl

APR

2.0%

1.8%

2.1%

2.0%

Avg Weekly Hours All Empl

APR

34.5

34.5

34.5

Change in Household Emplmt

APR

-169.0

-31.0

Underemployment Rate

APR

14.5%

14.5%

Employers in the U.S. added fewer workers than forecast in April and the jobless rate unexpectedly declined as people left the labor force, underscoring concern the world’s largest economy may be losing speed.

Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was more than initially estimated, Labor Department figures showed today in Washington. The median estimate of 85 economists surveyed by Bloomberg News called for a 160,000 advance. The jobless rate fell to a three-year low of 8.1 percent and earnings stagnated.

Transportation and warehousing, government agencies and construction all cut jobs in April. Bloomberg survey estimates ranged from increases of 89,000 to 210,000 after a previously reported 120,000 rise in March. Revisions added a total of 53,000 jobs to payrolls in February and March.

Unemployment Rate

The unemployment rate was forecast to hold at 8.2 percent, according to the survey median. Estimates in the Bloomberg survey ranged from 8.1 percent to 8.3 percent. Unemployment has exceeded 8 percent since February 2009, the longest such stretch since monthly records began in 1948.

The participation rate, which indicates the share of working-age people in the labor force, fell to 63.6 percent, the lowest since December 1981, from 63.8 percent.